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china's trade on which china depends for its survival so i think that china is extremely worried and that adds in to and that also if you add into the kind of total tauriel integrity which is of course is a very very sour point in terms of china's national psyche don't forget the china saw is sovereignty infringe for for almost a century because foreign aggression and that's why there is a rise of nationalism as well in china so all these forces are coming by lay ok watch. then jump in this is crosstalk go ahead yeah i i just i just want to disagree with most of that basic premise about a new global order but i did actually want to point out the role that russia can can play in all of this what's very interesting is that there are territorial disputes not just in these china there's quite a few of. them there are quite a few and the one in northern territories the curl islands is something that has been a huge problem since the end of the war exploded today but at the same time but it's actually i'm at a table with would say who's acting reckless right here ok japan and russia agree
china's trade on which china depends for its survival so i think that china is extremely worried and that adds in to and that also if you add into the kind of total tauriel integrity which is of course is a very very sour point in terms of china's national psyche don't forget the china saw is sovereignty infringe for for almost a century because foreign aggression and that's why there is a rise of nationalism as well in china so all these forces are coming by lay ok watch. then jump in this is...
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china's trade on which china depends for its survival so i think that china is extremely worried and that adds into and that also if you add into the kind of total tauriel integrity which is of course is a very very sour point in terms of china's national psyche don't forget the china saw its sovereignty infringe for for almost a century because foreign aggression and that's why there was a rise of nationalism as well in china so all these forces are coming by the way ok watch. then jump in this is crosstalk go ahead yeah i i just i just want to disagree with most of that basic premise about a new global order but i did actually want to point out the role that russia can can play in all of this what's very interesting is that there are territorial disputes not just in these china there's quite a few of. them there are quite a few and the one in northern territories the curl islands is something that has been a huge problem since the end of world war exploded today but at the same time but it's actually i'm at a table with would say who's acting reckless right here ok japan and russia
china's trade on which china depends for its survival so i think that china is extremely worried and that adds into and that also if you add into the kind of total tauriel integrity which is of course is a very very sour point in terms of china's national psyche don't forget the china saw its sovereignty infringe for for almost a century because foreign aggression and that's why there was a rise of nationalism as well in china so all these forces are coming by the way ok watch. then jump in...
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china's trade on which china depends for its survival so i think that china is extremely worried and that adds in to and that also if you add into the kind of total tauriel integrity which is of course as a baby a sour point in terms of china's national psyche don't forget the china saw its sovereignty infringe for for almost a century because foreign aggression and that's why there was a rise of nationalism as well in china so all these forces coming by play ok watched. then jump in this is crosstalk go ahead yeah i i just i just want to disagree with most of that basic premise about a new global order but i did actually want to point out the role that russia can can play in all of this what's very interesting is that there are territorial disputes not just in these chinese there's quite a few of. them there are quite a few and the one in northern territories the curl islands is something that has been a huge problem since the end of world war exploded today but at the same time but the tank i'm at a table with would say who's acting reckless right here ok japan and russia agree to
china's trade on which china depends for its survival so i think that china is extremely worried and that adds in to and that also if you add into the kind of total tauriel integrity which is of course as a baby a sour point in terms of china's national psyche don't forget the china saw its sovereignty infringe for for almost a century because foreign aggression and that's why there was a rise of nationalism as well in china so all these forces coming by play ok watched. then jump in this is...
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concern about this idea of china being attacks china against the world and that the united states is was leading this global attack against china if we do look at the numbers the u.s. china relations have never been as as close as they are now in terms of capital flow from one side to the other in terms of people to people networking and ideas exchange this is not the cold war it is not the united states against china so i think that really needs to be highlighted and never has the white house declare that china is the enemy but at the same time of the work that washington is very concerned about is the military modernization of china and the the building up of arms by china that that is certainly something that is being considered seriously by washington and that is the heart of the rebalancing towards towards the asia pacific region but again there is the threat of north korea there are other concerns it is a rear and it's also wants to the united states also wants to burden share its oversight of safety in the asia pacific region and it really wants to reconsider and re re define
concern about this idea of china being attacks china against the world and that the united states is was leading this global attack against china if we do look at the numbers the u.s. china relations have never been as as close as they are now in terms of capital flow from one side to the other in terms of people to people networking and ideas exchange this is not the cold war it is not the united states against china so i think that really needs to be highlighted and never has the white house...
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on china. it's as dependent as. long as devices are manufactured in china and they're cheap enough for us to buy so you threw out some statistics earlier and that indicate that china and the u.s. is very dependent but. keep in mind that these devices still have to obey rules to enter operate and beyond networks and it would be you know it would be extraordinary for. back doors to be or you know malware to ship and for no one to notice because of the number of eyes that are looking on on any given device. the want to talk about you know china is a is under the microscope right now are possibly being a cyber threat but they're not the only one involved in online spying are they. in order for the for any for any malware or spying to work on any of these any of these devices right now if let's say it came from china and there was a thread on it it would have to contact machines or or people some somewhere else in the in the world that would be very very very quickly discovered the way that you hide that is by making it
on china. it's as dependent as. long as devices are manufactured in china and they're cheap enough for us to buy so you threw out some statistics earlier and that indicate that china and the u.s. is very dependent but. keep in mind that these devices still have to obey rules to enter operate and beyond networks and it would be you know it would be extraordinary for. back doors to be or you know malware to ship and for no one to notice because of the number of eyes that are looking on on any...
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concern about this idea of china being attacks china against the world and that the united states was leading this global attack against china if we do look at the numbers though u.s. china relations have never been as as close as they are now in terms of capital flow from one side to the other in terms of people to people networking and ideas exchange this is not the cold war it is not the united states against china so i think that really needs to be highlighted and never has the white house declare that china is the enemy but at the same time of the washington is very concerned about is the military modernization of china and the the building up of arms by china that that is certainly something that is being considered seriously by washington and that is the heart of the rebalancing towards towards the asia pacific region but again there is the threat of north korea there are other concerns it is a rear and it's also wants to the united states also wants to burden share its oversight of safety in the asia pacific region and it really wants to reconsider and really re define its all
concern about this idea of china being attacks china against the world and that the united states was leading this global attack against china if we do look at the numbers though u.s. china relations have never been as as close as they are now in terms of capital flow from one side to the other in terms of people to people networking and ideas exchange this is not the cold war it is not the united states against china so i think that really needs to be highlighted and never has the white house...
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are china's the lifeblood so china naturally feels threatened now as far as to japan is concerned the recent wide japanise resorting to what appeared to be more assertive action it's not us out of the blue it's because of the rise of japanese nationalism and of course a right wing politics in japan so the politicians are trying to cater into this kind of. national psyche which says that the world is many many years of the second world war and in fact a lot of the japanese people were born after the second world war including prime minister. so they don't see why japan should continue to you know sort of move around the world would tail behind its back as it were after all japan as was the world's second largest economy until it was overtaken by china so all this plays into a more assertive national policy and because of that and because of the american pivot forming military allies with china's neighbors and so a number of china's neighbors with poland tauriel rival claims are all becoming more assertive and that feeds into china's ok here let me go to len let me go to lynn in philade
are china's the lifeblood so china naturally feels threatened now as far as to japan is concerned the recent wide japanise resorting to what appeared to be more assertive action it's not us out of the blue it's because of the rise of japanese nationalism and of course a right wing politics in japan so the politicians are trying to cater into this kind of. national psyche which says that the world is many many years of the second world war and in fact a lot of the japanese people were born after...
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and to paint china is the new military threat to the world it's a demonization china earlier this month u.s. president barack obama signed an executive order aimed at strengthening america's defenses when you know hackers steal people's identities and infiltrate private e-mails we know foreign countries and companies swipe our corporate secrets. now our enemies are also seeking the ability to sabotage our power grid our financial institutions our traffic control systems we cannot look back years from now and wonder why we did nothing in the face of real threats to our security and our comp but according to reports washington is all too familiar with the offensive side of cyber war it's the u.s. who launches things like stuxnet that together with israel to to cripple certain iranian technology capabilities in two thousand and ten a computer virus known as stuxnet infected tehran's enrichment facilities destroying nearly one thousand of iran's six thousand centrifuges according to reports the virus made entirely out of code was a joint collaboration between the us and israel in terms of a
and to paint china is the new military threat to the world it's a demonization china earlier this month u.s. president barack obama signed an executive order aimed at strengthening america's defenses when you know hackers steal people's identities and infiltrate private e-mails we know foreign countries and companies swipe our corporate secrets. now our enemies are also seeking the ability to sabotage our power grid our financial institutions our traffic control systems we cannot look back...
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china relationship is good for the united states in february america's feelings are fleeting china unleashing its full spy power let's return to the alleged link between china's military and a prolific hacking group most cyber attacks are being carried out by teams inside the chinese military china is officially out of control because don't look now but prove today our sugar daddy is a thief beijing became an overnight security threat last week after the american information security firm mandiant identified a secretive chinese military unit as the likely source of hacking against u.s. corporations a charge china vehemently denies. however as the u.s. refocuses its military might from the middle east to china's backyard critics say it's no coincidence that beijing is suddenly morphing into america's virtual al-qaeda i think this is part of what obama calls the asian habit which is really a china and this cyber thing is is fits right into that pattern i think what we're looking at is art of this obama pivot to focus on china and to paint china is the new military threat to the world it's a dem
china relationship is good for the united states in february america's feelings are fleeting china unleashing its full spy power let's return to the alleged link between china's military and a prolific hacking group most cyber attacks are being carried out by teams inside the chinese military china is officially out of control because don't look now but prove today our sugar daddy is a thief beijing became an overnight security threat last week after the american information security firm...
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which are china's the lifeblood so china naturally feels threatened now as far as to japan is concerned the recent wide japan of resorting to what appeared to be more assertive action it's not us out of the blue it's because of the rise of japanese nationalism and of course a right wing politics in japan so the politicians are trying to cater into this kind of. national psyche which says that world is many many years of the second world war and in fact a lot of the japanese people were born after the second world war including prime minister abbey so they don't see why japan should continue to you know sort of move around the world would tail behind its back as it were after all japan as was the world's second largest economy until it was overtaken by china so all this plays into a more assertive national policy and because of that and because of the american pivot forming military allies with china's neighbors and so a number of china's neighbors with paula taleo. rival claims are all becoming more assertive and that feeds into china's ok here let me go to len let me go to lynn in phil
which are china's the lifeblood so china naturally feels threatened now as far as to japan is concerned the recent wide japan of resorting to what appeared to be more assertive action it's not us out of the blue it's because of the rise of japanese nationalism and of course a right wing politics in japan so the politicians are trying to cater into this kind of. national psyche which says that world is many many years of the second world war and in fact a lot of the japanese people were born...
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welcome to business now china has leapfrogged the u.s. to become the world's biggest trading nation bring an end to the u.s. is post war dominance now official figures from both countries the sum of exports and imports of good show that china is fifty billion dollars ahead now but how does this change china's positions in terms of not just trade but political influence as well as what you've done you might call mike a stretch just for mcquery securities on this topic. there is a clear correlation between a country's economic strength and its political influence and china's political influence is undoubtedly on the rise particularly in the asia pacific region and it's really trying to assert itself in the south china sea and set up a little bit of a clash with traditional powers in that space such as america america's had always very big role in terms of security in the asian region so there are just little clashes happening here and there and to think that we could potentially get to a point in time why china is the biggest economy in the
welcome to business now china has leapfrogged the u.s. to become the world's biggest trading nation bring an end to the u.s. is post war dominance now official figures from both countries the sum of exports and imports of good show that china is fifty billion dollars ahead now but how does this change china's positions in terms of not just trade but political influence as well as what you've done you might call mike a stretch just for mcquery securities on this topic. there is a clear...
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and china wants more oil from russia energy giant rosneft promised to boost oil exports to china by about nine million tonnes the two sides also agreed to jointly process oil meanwhile reuters reported that rosneft was asking china's oil major c m p c for a thirty billion dollar loan to finance its t. and k b p purchase a report that rosneft denied russia export of twenty four million tons of crude oil to china last year which makes it the country's third largest supplier. in just seven years russia will become a developed country with a low inflation a sizeable middle class and much slower economic growth rates that's according to the latest research from bank of america merrill lynch and the most paradoxically idea in this research is that it's russia's demographic problems that will drive these changes by boosting internal consumption early on monday i asked steve on car auto from iran captain moscow what he thinks of all this. i can focus on your demographics is certainly not enough to draw this conclusion of course we do know the demographics are for discovery we do know that the pop
and china wants more oil from russia energy giant rosneft promised to boost oil exports to china by about nine million tonnes the two sides also agreed to jointly process oil meanwhile reuters reported that rosneft was asking china's oil major c m p c for a thirty billion dollar loan to finance its t. and k b p purchase a report that rosneft denied russia export of twenty four million tons of crude oil to china last year which makes it the country's third largest supplier. in just seven years...
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again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of export on imports of goods in the united states last year that was three point eight two trillion china right eight seven trillion and if you're looking at the g.d.p. statistics are conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. that really reflects the real size of the economy because on that basis the renminbi is actually still undervalued and so china and many many rick i am sure that's not what i was saying it was that was that you guys were you were on to me ok i want to go jump in are you i mean are you worried about currency wars in a bubble very go ahead i know in general i'm not worried about it she was i am not worried about put the action as but. being kept in check i also seeing that one day maybe some years down the road we may have to worry about a big bubble again because of all the money that's being printed but we are not yet in a new bubble economy however
again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of export on imports of goods in the united states last year that was three point eight two trillion china right eight seven trillion and if you're looking at the g.d.p. statistics are conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. that really reflects the real size of the economy because on that basis the...
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don't be in there again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of exports and imports of goods in the united states last year that was three point eight two trillion china right eight seven trillion and if you're looking at the g.d.p. statistics you conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. debt really reflects the real size of the economy because on that basis the renminbi is actually still undervalued and so china and many many regard because that's not what i was saying it was that was that you guys are doing on a me ok i want to go jump in are you i mean are you worried about currency wars in a bubble very go ahead i know in general i'm not worried about she was i am not worried about put the action as but. being kept in check i also think that one day maybe some years down the road we may have to worry about a big bubble again because of all the money that's being printed but we are not yet in a new bubble economy however i am v
don't be in there again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of exports and imports of goods in the united states last year that was three point eight two trillion china right eight seven trillion and if you're looking at the g.d.p. statistics you conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. debt really reflects the real size of the economy because on...
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no longer number one china has surpassed the u.s. when it comes to trade what does this mean for the u.s. economy and our standing in the world find out coming up. and a new york police officer is going to jail after raping a teacher but the law doesn't call his crime great now the victim is fighting back a look at her case and the status of the violence against women act. there is a huge debate taking place here in the u.s. over fracking states are trying to regulate the industry that some say could be a goldmine for new energy for america but do the benefits outweigh the cost will dig into it coming up. it's tuesday february twelfth four pm here in washington d.c. i'm liz wall and you're watching our tea. well it's like the balance of economic power in the world is shifting china has surpassed the u.s. as the world's largest trading nation here's the figures from the last year recently released by the commerce department we're talking about imports and exports in the year two thousand and twelve as you can see the u.s. totaled thre
no longer number one china has surpassed the u.s. when it comes to trade what does this mean for the u.s. economy and our standing in the world find out coming up. and a new york police officer is going to jail after raping a teacher but the law doesn't call his crime great now the victim is fighting back a look at her case and the status of the violence against women act. there is a huge debate taking place here in the u.s. over fracking states are trying to regulate the industry that some say...
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don't be in there again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of exports and imports of goods in the united states last year that was three point eight two trillion china right point eight seven trillion and if you're looking at the g.d.p. statistics you're conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. that really reflects the real size of the economy because on that basis the renminbi is actually still undervalued and so china and many many wriggler that's not what i was saying it was that was you guys if you went on to me ok i want to go jump in are you i mean are you worried about currency wars in a bubble very go ahead i know in general i'm not worried about it she was i am not worried about put the action as but. being kept in check i also think that one day maybe some years down the road we may have to worry about a big bubble again because of all the money that's being printed but we are not yet in a new bubble economy however i
don't be in there again i just want to say we just got the news that china eclipsed the u.s. in trade so if you're looking at the total number of exports and imports of goods in the united states last year that was three point eight two trillion china right point eight seven trillion and if you're looking at the g.d.p. statistics you're conscious when you look at the nominal g.d.p. but you need to look at the purchasing power adjusted g.d.p. that really reflects the real size of the economy...
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right so let's fast forward ten years is just say for argument's sake china is the biggest economy by then some people are saying that it will be what will that mean that in terms of power. it will be gone. at they will be buried or its costs are buried by a lot about competitor. i think in part what about competitors to china who all that the moment who's the biggest threats to the nation in terms of trade. partner with germany in terms of maybe the united states in terms of its different kind of. west germany was there. and what about emerging nations what about countries like thailand indonesia why did they fare in all of this do you see those countries being the new china in say thirty forty years time when i look back have a lot of natural resources from a lot of that is wrong with. that is there a straight talk going to china somebody might come for the child but i doubt john is that they have many competitors that are twenty or thirty years ago it's just life. and you know it is they stand on the road very few for better and there's. very few going ok let's talk about the threa
right so let's fast forward ten years is just say for argument's sake china is the biggest economy by then some people are saying that it will be what will that mean that in terms of power. it will be gone. at they will be buried or its costs are buried by a lot about competitor. i think in part what about competitors to china who all that the moment who's the biggest threats to the nation in terms of trade. partner with germany in terms of maybe the united states in terms of its different kind...
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the business of war china is. energies and talents are going into making more at lower prices and exploiting it around the world at high profits while america's energy czar going into military industrial complex and making sophisticated weaponry waging wars so you can't do both it's either you know it's guns or blood or i didn't make that line so the united states has lost its competitive edge because of its military expansionism and secondly it's as though the whole nation is living with attention deficit disorder if they go back to nafta back in one nine hundred ninety four when it was first pushed through many people warned that this was going to happen it was that great sucking sound it wasn't only going to come from mexico it was going to come from around the world as u.s. manufacturing shipped as jobs overseas to cheap labor countries to bring the product back and sell it at a markup so it's very easy to see and the consequences were predictable so it's no secret that the u.s. a large chunk of the last budge
the business of war china is. energies and talents are going into making more at lower prices and exploiting it around the world at high profits while america's energy czar going into military industrial complex and making sophisticated weaponry waging wars so you can't do both it's either you know it's guns or blood or i didn't make that line so the united states has lost its competitive edge because of its military expansionism and secondly it's as though the whole nation is living with...
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china leapfrogs or the u.s. to become the world's top a trader triggering soul searching in america the one holding back business week that's coming up in just ten minutes time. french and u.s. legislation is colliding over a case of online hate speech twitter an american company has been ordered by a french court to reveal personal data of users posting and to sematic messages artie's may have a national examines the case to see if the concept of brief free speech should have different boundaries into from country. two democracies stumbling over the concept of freedom the french court has called on twitter to help censor hate speech on the website in france because it violates its laws the tweeter is an american company and the american constitution sets no limits to freedom of expression given that the french worked as we wired to do that the question is how can the french and force this judge those decision when the union of jewish students of france took the issue to paris court in october they wanted to sto
china leapfrogs or the u.s. to become the world's top a trader triggering soul searching in america the one holding back business week that's coming up in just ten minutes time. french and u.s. legislation is colliding over a case of online hate speech twitter an american company has been ordered by a french court to reveal personal data of users posting and to sematic messages artie's may have a national examines the case to see if the concept of brief free speech should have different...
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to use its leverage with north korea and that's what james you bring up the issue of china i'm glad you did china was quick to condemn north korea's nuclear test of a third of what happening now in the past few years however this is as we all can imagine this happened to write in beijing's backyard did you really think the officials in china didn't know in advance of this maybe it was poised to happen and do you think china can even influence the way that north korean nuclear program is being operated on. well i think everyone knew that this was going to happen it was only a question of when and i imagine the officials in beijing must have known that this this was coming probably in the next few days and it certainly is it couldn't have happened at a worse time internationally speaking it's the lunar new year in china so basically the entire country is on holiday and in the u.s. there is no confirmed secretary of defense or central intelligence director so it's a very interesting time throw that throw into that the wild card of xi jinping we don't know much about him or how he's goi
to use its leverage with north korea and that's what james you bring up the issue of china i'm glad you did china was quick to condemn north korea's nuclear test of a third of what happening now in the past few years however this is as we all can imagine this happened to write in beijing's backyard did you really think the officials in china didn't know in advance of this maybe it was poised to happen and do you think china can even influence the way that north korean nuclear program is being...
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intelligence by twenty thirty china will surpass the u.s. in the size of its economy as well the u.s. is still home to amazing can of asians into knowledge but will it be able to maintain its experts are looking to schools for the answer to that question internationally fifteen year olds in the u.s. are ranked twenty fifth among peers from thirty four countries in math while china tops the chart harvard published a study titled globally challenge our u.s. students ready to compete it looks at how the results in math at school can affect nation's economic development they estimated that the results students in the u.s. showed today can cost the country seventy five trillion dollars over the next eighty years seventy five trillion dollars i spoke with professor eric from stanford university one of the authors of this study a leader in economic analysis of educational issues here's what he said this is a tremendous impact you can measure it. terms of g.d.p. and it would in present value terms be over five times the current g.d.p. of the united
intelligence by twenty thirty china will surpass the u.s. in the size of its economy as well the u.s. is still home to amazing can of asians into knowledge but will it be able to maintain its experts are looking to schools for the answer to that question internationally fifteen year olds in the u.s. are ranked twenty fifth among peers from thirty four countries in math while china tops the chart harvard published a study titled globally challenge our u.s. students ready to compete it looks at...